Alrosa reports lower 2017 sales

Russian miner Alrosa’s diamond sales fell to $4.27 billion in 2017, from $4.45 billion in the previous year, as the average price of its rough diamonds dipped, miningweekly.com reported.

Reporting on the group’s 2017 sales figures, VP Yury Okoemov explained that the average price of rough diamonds sold by Alrosa was “a little lower than a year ago”, owing to changes in its sales assortment resulting from the increased demand for small-sized rough diamonds from the Indian diamond cutting sector in the first half of 2017, the miningweekly.com report said.